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viktelen [127]
3 years ago
5

The principle that each World Trade Organization member must accord to all other member countries tariff treatment no less favor

able than it provides to any other country is known as the __________ principle.
Business
1 answer:
Firdavs [7]3 years ago
8 0

Answer:

Most favoured nation principle

Explanation:

Most favoured nation (MFN) clause of the World Trade Organisation requires that when a nation trades with others the concessions, immunities, and privileges granted to one nation should be the the same granted to all WTO members.

It discourages discrimination where one nation in international trade is favoured above another.

For example if Ghana reduces tariff on trades with South Africa it is expected that tariffs to other WTO nations will also be reduced to 3%.

Exceptions to this principle are for developing nations, regional free trade areas, and custom unions.

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Answer:

D.

Revenues to be understated

Explanation:

Understated amounts indicate a reported amount is not correct and the reported amount is less than the true amount.

5 0
3 years ago
Normally, a person with a high level of education makes more money than a person without an education.
WITCHER [35]

Answer: true

Explanation:

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3 years ago
When is the bargaining power of the buyer greater than that of the supplier?.
malfutka [58]

Answer:

Switching costs

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Switching costs: If there are not many alternative suppliers available, the cost of switching is high. Therefore, buyer power would be low. Backward Integration: If the buyer is able to integrate or merge suppliers, the buyer has greater bargaining power over the existing suppliers.

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2 years ago
According to Jack Gibb’s work on supportive and defensive communication, a supervisor who ____________ is promoting a disconfirm
frutty [35]
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3 years ago
The dean of a highly reputed business school has decided to pursue a coveted accreditation for the college. To get the faculty's
natita [175]

Answer:

Consultation.

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This tactic can be defined as the influencing leader seeking support from others to influence a group.  This is an effective approach to increase group satisfaction due to the value of democratic decision-making.

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